STENHAM LIMITED

Stenham Limited is an international financial services group providing alternative asset management investment solutions, with assets under management of around US$ 3.6 billion (as at 31 March 2017). In addition, the group’s fiduciary and finance business provides consulting and administration services to meet a range of client requirements.

Stenham Limited is 88.81% owned by Peregrine Financial Services Holdings Limited (the Peregrine Group) and 11.19% owned by management and directors of group companies. The Peregrine Group is a leading provider of wealth and alternative asset management solutions in South Africa and Europe, with assets under management of approximately US$ 8.11 billion (as at March 2017). Its shares are listed on the Johannesburg Securities Exchange.

Directors of Stenham Limited

Jonathan Hertz

Non-Executive Director and Chief Executive of the Peregrine Group

Jonathan joined Peregrine in 2000 as Chief Operating Officer. His responsibilities included all company operations, including the businesses within asset management, securities structuring and trading, structured finance and advisory.

In 2006, Jonathan co-founded Caveo Fund Solutions, the fund of hedge fund business of Peregrine, as a joint venture between Peregrine and Investment Solutions. In May 2008, he left Peregrine to found South Africa Alpha Capital Management, a Bermuda domiciled investment management business housing the US Dollar class of several of the leading hedge funds trading in sub-Saharan African securities. He re-joined Peregrine in April 2013 as Chief Executive Officer.

Prior to Peregrine, Jonathan was Managing Director of Safrican Insurance Company Limited, one of South Africa’s largest low cost insurers.

Jonathan is a Chartered Financial Analyst and a Fellow of both the Institute of Actuaries and the Actuarial Society of South Africa. He qualified as an Actuary with London Based Institute of Actuaries and obtained a BSc in 1993 at the University of the Witwatersrand.